Newsom, lawmakers reach agreement on spending tax windfall in $262.6-billion state budget John Myers © (Rich Pedroncelli / Associated Press) Gov. Gavin Newsom, flanked by Assembly Speaker Anthony Rendon (D-Lakewood) and Senate President Pro Tem Toni Atkins (D-San Diego) in 2019, have signed off on a budget plan for the fiscal year that begins on July 1. (Rich Pedroncelli / Associated Press)
Gov. Gavin Newsom and Democratic leaders of the California Legislature reached an agreement Friday on a $262.6-billion state budget, divvying up a towering windfall of tax revenues for public schools, COVID-19 pandemic relief and a sweeping effort to address homelessness.
The compromise reached less than a week before the state s new fiscal year begins on July 1 came after 11 days of haggling among the state s top Democrats, negotiations that began after legislators approved a placeholder budget that met their constitutional deadline for action and avoided the forfeitu
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